Love Hemp Group PLC Announces Directors Dealings and Extension of Broker Option

Rhea-AI Summary

On April 9, 2021, Love Hemp Group PLC (OTCQB: WRHLF) announced that Directors Antony Calamita and Andrew Male subscribed for shares as part of an equity fundraise, totaling £60,000 at 3.5 pence per share. Post-subscription, Calamita holds 54,385,714 shares (8.61% of share capital), while Male holds 6,138,196 shares (0.97%). The application deadline for the Broker Option has been extended to April 9, 2021, with trading of new shares expected to commence on April 13, 2021. This announcement is considered inside information as per Market Abuse Regulation.

Positive

• Directors subscribed for 1,714,285 shares, indicating confidence in the company.
• Subscription price set at 3.5 pence per share, reflecting a capital raise of £60,000.

Negative

• None.

LONDON, ENGLAND / ACCESSWIRE / April 9, 2021 / Love Hemp Group PLC (AQSE: LIFE) (OTCQB: WRHLF), one of the UK's leading CBD and Hemp product suppliers, announces that as part of the equity fundraise announced yesterday, Antony Calamita and Andrew Male, Directors of the Company, subscribed for 285,714 Ordinary Shares and 1,428,571 Ordinary Shares respectively. The subscriptions are at a price of 3.5 pence per ordinary share for a total of £60,000. Following these subscriptions, Antony Calamita is now interested in 54,385,714 Ordinary Shares, representing 8.61% of the Company's share capital as increased by the fundraising, and Andrew Male is now interested in 6,138,196 Ordinary Shares, representing 0.97% of the Company's issued share capital as increased by the fundraising.

Further, the timetable for receipt of applications under the Broker Option, which was also announced yesterday, has been extended until 5:00 pm 9 April 2021 to capture additional interest which was unable to be completed yesterday.

Application will be made to the Aquis Stock Exchange for any shares issued under the Broker Option ("Broker Option Shares") to be admitted to trading on the AQSE Growth Market ("Broker Option Admission"). Broker Option Admission is expected to become effective, and trading in the Broker Option Shares is expected to commence, at 8.00 a.m. on 13 April 2021.

The Directors of the Company accept responsibility for the contents of this announcement.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name:	Antony Luigi Calamita
2.	Reason for the notification
a)	Position/status:	Director
b)	Initial notification/Amendment:	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name:	Love Hemp Group Plc
b)	LEI:	213800ERYVHIGFSPMM75
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument: Identification code:	Ordinary shares of £0.01 GB00BMDY1P48
b)	Nature of the transaction:	Issue of Ordinary Shares
c)	Price(s) and volume(s):	Ordinary Shares: Price(s) Volume(s) £0.035 285,714
d)	Aggregated information: Aggregated volume: Price:	Ordinary Shares: Price(s) Volume(s) £0.035 285,714
e)	Date of the transaction:	2021-04-08
f)	Place of the transaction:	AQSE Growth Market (AQSE)

1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name:	Andrew Male
2.	Reason for the notification
a)	Position/status:	Director
b)	Initial notification/Amendment:	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name:	Love Hemp Group Plc
b)	LEI:	213800ERYVHIGFSPMM75
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument: Identification code:	Ordinary shares of £0.01 GB00BMDY1P48
b)	Nature of the transaction:	Issue of Ordinary Shares
c)	Price(s) and volume(s):	Ordinary Shares: Price(s) Volume(s) £0.035 1,428,571
d)	Aggregated information: Aggregated volume: Price:	Ordinary Shares: Price(s) Volume(s) £0.035 1,428,571
e)	Date of the transaction:	2021-04-08
f)	Place of the transaction:	AQSE Growth Market (AQSE)

-ENDS-

For further information please contact:

Andrew Male Chairman & Director +44 (0) 7926 397 675 andrew@lovehempgroup.com
AQSE Corporate Adviser Mark Anwyl/Allie Feuerlein Peterhouse Capital Limited +44 (0) 20 7469 0930 ma@peterhousecap.com af@peterhousecap.com	Financial PR Tim Blythe Alice McLaren Madeleine Gordon-Foxwell +44 (0) 207 138 3205 lovehemp@blytheweigh.com

Financial Advisor

Rupert Fane

H&P Advisory Limited

+44 (0) 20 7907 8500

rf@hannam.partners

For more information on Love Hemp Group please visit: www.lovehempgroup.com

www.worldhighlife.uk

About Love Hemp Group

The Company, previously World High Life plc, was incorporated on 30 January 2019 as an Investment Vehicle. Originally intended to identify opportunities in the CBD and Medicinal Cannabis space, it quickly acquired Love Hemp Ltd., the UK's most recognisable CBD brand. The listed company recently changed its name to Love Hemp Group plc as part of its evolving strategy to purely focus on supporting the "best in class" CBD brand as it embarks on a wider expansion of its core business and offering.

Love Hemp produces and supplies more than 40 product lines, comprising of oils, sprays and tinctures and a variety of edible and water-based CBD products. Love Hemp has established relationships with over 2,000 stores in the UK, including leading retailers such as Sainsbury's, Boots, Ocado and Holland & Barrett.

Market Abuse Regulation (MAR) Disclosure

The information contained within this announcement is deemed by the Company to constitute inside information. Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

SOURCE: Love Hemp Group PLC

View source version on accesswire.com:
https://www.accesswire.com/639635/Love-Hemp-Group-PLC-Announces-Directors-Dealings-and-Extension-of-Broker-Option

FAQ

What recent share subscription occurred at Love Hemp Group (WRHLF)?

On April 9, 2021, Directors Antony Calamita and Andrew Male subscribed for 1,714,285 shares at 3.5 pence each.

What percentage of shares do directors hold in Love Hemp Group after the subscription?

Post-subscription, Antony Calamita holds 8.61% and Andrew Male holds 0.97% of the company's share capital.

What is the significance of the Broker Option extension for Love Hemp Group (WRHLF)?

The Broker Option application deadline was extended to capture more investor interest, enhancing capital raising efforts.

When is trading expected to commence for new shares in Love Hemp Group (WRHLF)?

Trading for shares issued under the Broker Option is expected to begin at 8.00 a.m. on April 13, 2021.